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GSX Techedu Inc. American Depositary Shares three of which representing two Class A
Shares of GSX Techedu (NYSE: GSX) were 9% higher in midday trading Monday on no news that really should have caused the stock to rise. It filed its annual report with the Securities and Exchange Commission (it reported results back in early March) and announced it was changing its stock ticker symbol on the NYSE from GSX to GOTU.
If nothing else, it is a curious market reaction to the company's SEC filing because it acknowledges its stock is often under attack from short-sellers like Muddy Waters, which contends most of the users of the Chinese distance-learning platform are robots.